Quite frankly, I'm outraged to hear this. Yes, there are many other pressing issues facing Congress right now. However, climate change seems to always get swept under the rug and it is going to come back to bite us down the road. Regardless, I think it is particularly important for us, as consumers, to support ‘green’ business. For example, http://www.simplestop.net stops your postal junk mail and benefits the environment.

5:13 pm January 7, 2009

Toes wrote :

The Supreme Court ruled that carbon emissions shall be regulated by the EPA so the debate is over. Summers has to work with Mr. Chu and his people to plan how to reduce emission and at the same time reduce cost but he has already explained that US ethanol production from sugarcane would cost $0.90, then wind, and southwestern solar.

9:53 pm January 7, 2009

Dave Miller wrote :

Sounds to me like Pelosi has finally realized that Global Warming is a scam notarized by fellow Democrat and audacious liar Al Gore. I find it incredulous that so many people can be so stupid on this subject.

10:32 pm January 7, 2009

barrie harrop wrote :

Sustainability is the single most important tissue of the 21st century.

10:33 pm January 7, 2009

barrie harrop wrote :

sorry "issue'

11:00 pm January 7, 2009

Sam wrote :

Dave Miller -
Do those people who are "so stupid" include the national scientific bodies of the US, UK, China, Australia, Brazil, France, Germany, India, Indonesia, Ireland, Sweden - all of which have endorsed the findings of the IPCC (the international scientific body which has concluded that climate change is occurring and is primarily caused by humans)?

Can you truly believe that you (and whatever off-brand website you get your information from) know better than the world's leading scientists?

7:41 am January 8, 2009

Robert Hargraves wrote :

Perhaps the leadership read the Dec 11 NYT article showing how Europe's $50 billion of carbon credit spending led to increased CO2 emissions. Cap-and-trade is a nightmare of special interests and fraud potential.

8:43 am January 8, 2009

Annie Wilson wrote :

Nancy Pelosi made a very wise decision to delay the cap and trade bill. Hopefully, she will support a carbon cap and tax bill onto the utilities. The revenues can be directly applied to support energy efficiency, conservation and the rapid deployment of sustainable renewable energy projects. All of the existing direct and indirect subsidies to the nuclear and fossil fuels industries must be phased out as quickly as possible. Strategies and solutions for the climate crisis must be as efficient as possible, we can not afford to risk our future with Wall Street carbon trading schemes.

Among other issues, a key problem is the conflation of "is" and "ought". Just because the scientists know what "is" going on doesn't mean they know what "ought" to be done about it. A corollary point is that scientists often make lousy economists. And it is relevant that Carol Browner is neither.

1:41 am January 11, 2009

arc wrote :

Using the numbers created by the UN, coal power plants in the US cause such a small fraction of CO2 "global warming" that if we stopped using them all, you couldn't tell. Hello?

You want some real information, listen to the 1st 40 minutes.

A Rational Look At Climate Change Concerns

Utah Public Utilities and Technology Interim Committee
November 19, 2008

The Committee will hear a presentation and receive a handout regarding critical issues about climate change and the production of energy.

Its good to see several readers of WSJ have finally gotten a clue about the issue of climate change (notwithstanding the resident madman, Dave Miller above) For those of you who are economists, take a look at the Stern Report, prepared for the British government. Objective and rigorous analysis of climate change from a purely macroeconomic point of view.

9:58 am January 18, 2009

mike wrote :

U5xnkG hi! how you doin?

12:23 pm January 18, 2009

John Burton. wrote :

Cap and trade has so many problems that it is better to hold out for a carbon tax.

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About Environmental Capital

Environmental Capital provides daily news and analysis of the shifting energy and environmental landscape. The Wall Street Journal’s Keith Johnson is the lead writer. Environmental Capital is led by Journal energy reporter Russell Gold, and includes contributions from other writers at the Journal, WSJ.com, and Dow Jones Newswires. Write us at environmentalcapital@wsj.com.